Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

Practice Mode:
5.

The consumption function specifies that consumption spending is :

A: Negatively related to the level of disposable income
B: Positively related to the level of disposable income
C: Negatively related to the rate of interest
D: Positively related to the rate of interest

The answer is: B

<< Previous Question
Next Question >>